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how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interview
how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture...
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Nov 15, 2012
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gentlemen, we were just hearing about tax talk from the president and from john boehner. we've been talking a lot about tax rates. it seems that's dominating the conversation. what about spending? aren't we talking about a very small number in terms of revenue that you can actually get from the so-called wealthy, more than $250,000? in the overall scheme of things, is that going to move the needle on our debt? shouldn't we also be talking about spending cuts? >> we're talking about getting between between 80 and $100 billion a year, which is no small number from revenue with when you consider the fact we have a $1.1 trillion deficit, that's not going to solve our problem. we must also reduce spending if we're going to put our fiscal house in order. >> senator? >> people are always saying, what should we cut? what spending would you like to cut? they say waste, fraud, and abuse. all earmarks, foreign aid, nancy pelosi's aircraft, all compensation for congress. that's nothing. that's about 4% of where we are. you get spending cuts by going into the entitlements programs. th
gentlemen, we were just hearing about tax talk from the president and from john boehner. we've been talking a lot about tax rates. it seems that's dominating the conversation. what about spending? aren't we talking about a very small number in terms of revenue that you can actually get from the so-called wealthy, more than $250,000? in the overall scheme of things, is that going to move the needle on our debt? shouldn't we also be talking about spending cuts? >> we're talking about...
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Nov 14, 2012
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tell me how you see things, john, for oil. >> we're going to continue to go higher, maria. this looks like it's the start of something. this was the first move by the israelis. took out two senior hamas leaders. they said this is going to be a multiweek exercise. when you're talking about hamas, you're really talking about iran's proxy state, iran's proxy army. so the fingerprints are all over it. the door is going to be wide open for a spillover even further into iran. make trouble in bahrain, make trouble in saudi arabia. it's really going to be on the rise here the next couple weeks. >> new york oil is up 86 cents. am i wrong to believe it should be up more if this is that big of a deal? >> yes, bill. we would be down but for this episode today with the rest of the markets clearly. the outlook for oil demand next year keeps gets worse and worse as the economy looks to decline globally, particularly in china and japan. the fact we're up at all in the face of a 126-point down dow speaks a lot to the nervousness of the oil market here. >> obviously, the benchmark is benton
tell me how you see things, john, for oil. >> we're going to continue to go higher, maria. this looks like it's the start of something. this was the first move by the israelis. took out two senior hamas leaders. they said this is going to be a multiweek exercise. when you're talking about hamas, you're really talking about iran's proxy state, iran's proxy army. so the fingerprints are all over it. the door is going to be wide open for a spillover even further into iran. make trouble in...
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Nov 16, 2012
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john? sum it up for us. >> tyler, it's a long way to the finish line but if you want to have a positive auspicious start to the negotiations, that's exactly what we got here at the white house. president obama brought the bipartisan leaders together. he spoke from a position of confidence having just won the election but he said we need to find common ground and when the bipartisan leadership walked out of the white house and addressed reporters in the driveway, positive notes were all they were singing. here's a montage. >> the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel very good about what we were able to talk about in there. >> we're prepared to put revenue on the table, provided we fix the real problem. >> i feel confident that a solution may be in sight. are. >> reporter: this is just the beginning but harry reid said they're not going to wait until december 31st and go right up against the deadl
john? sum it up for us. >> tyler, it's a long way to the finish line but if you want to have a positive auspicious start to the negotiations, that's exactly what we got here at the white house. president obama brought the bipartisan leaders together. he spoke from a position of confidence having just won the election but he said we need to find common ground and when the bipartisan leadership walked out of the white house and addressed reporters in the driveway, positive notes were all...
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john harwood joins us from the white house lawn this morning. and john, the big question is, will the president be listening to some of the ceo suggestions, or will this be more of a situation where the ceos are going to listen to what he's going to lay out? >> probably more of the latter than the former. i think the president sees his election having won 332 electoral votes in nearly all the swing states, giving him a little more strength in negotiations across the board. he's been involved in outreach for the last several days. yesterday, meeting with labor and liberal leaders. he's meeting today with those business leaders you mentioned. he's also communicating with the public directly with a press conference here with the white house this afternoon. and i think what the president's trying to do is build a constituency for this balanced approach he talked about, meaning spending cuts on the one hand, including two major entitlement programs, which are a big driver of the nation's spending problem. but also revenues and he's trying to figure o
john harwood joins us from the white house lawn this morning. and john, the big question is, will the president be listening to some of the ceo suggestions, or will this be more of a situation where the ceos are going to listen to what he's going to lay out? >> probably more of the latter than the former. i think the president sees his election having won 332 electoral votes in nearly all the swing states, giving him a little more strength in negotiations across the board. he's been...
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Nov 15, 2012
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the house panel blaming john corzine for the m.f. global collapse. nan heyworth will join us live. we'll kick it off with retail. walmart missing the street view while target quarterly profit does top the forecast. courtney has a slew of news. >> hi, carl. there's a lot to go through. walmart's third quarter wasn't its strongest. the world's largest retailer reporting earnings of $1.08. that beat the street by a penny. increase of more than 3% but shy of what analysts had expected at almost $115 billion. walmart, those sales were negatively impacted by currency to the tune of $1.7 billion. the retailer is refirming and narrowing. the forecast is 4 point $88 to $4.93. it was within the retailer's forecasted range albeit at the lower end. walmart's fourth quarter straight of those positive comps that they faltered for some time. when it comes to holiday, walmart through the end of q 3, $300 million more in lay away. more than last year. early november sales have actually also been stronger than expected. jobs, the cost of gas and rising food prices though are its consumer's top conce
the house panel blaming john corzine for the m.f. global collapse. nan heyworth will join us live. we'll kick it off with retail. walmart missing the street view while target quarterly profit does top the forecast. courtney has a slew of news. >> hi, carl. there's a lot to go through. walmart's third quarter wasn't its strongest. the world's largest retailer reporting earnings of $1.08. that beat the street by a penny. increase of more than 3% but shy of what analysts had expected at...
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Nov 16, 2012
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the answer is our own john harwood. >> what page are you on, john? >> page 925. >> you're in with a lot of -- i don't think brad pitt has much gray. >> he has some in his beard when it grows in. >> john, did they ask you your permission some when did you know this was going to happen? >> i got a message about a week ago from an editor there asking me for a picture. >> so that was it. they didn't ask permission, they were going to do it either way. >> well, i guess if i didn't give them a picture, they wouldn't have done it. >> can i ask you a personal question not about you? >> yes, you can. >> the president's gray was gone at the news conference, was it not? was that me or did you notice that the president seems like he's got the color back in his hair? >> i didn't notice that. maybe i wasn't looking closely enough. >> he looked great. >> i have to check it out. >> do you think he's using one of those products? >> i don't know. possibly. i had the.r people here when they were kidding me about you getting this, they said see if you'd let yours grow o
the answer is our own john harwood. >> what page are you on, john? >> page 925. >> you're in with a lot of -- i don't think brad pitt has much gray. >> he has some in his beard when it grows in. >> john, did they ask you your permission some when did you know this was going to happen? >> i got a message about a week ago from an editor there asking me for a picture. >> so that was it. they didn't ask permission, they were going to do it either way....
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. >> good to hear you, john. john, tell us first of all, where are you? you've been in hiding, not telling anyone where you are all week. can you tell us roughly where you are? >> roughly where i am? well, where i am most of the time. i am certainly inside of my compound. >> so you're still in belize. do you know anything about this murder? did you know this guy who was murdered, and did you have anything to do with it? this is what the police really want to know. >> i had absolutely nothing to do with it and i did know him but just barely. we spoke perhaps 50 words in five years. >> okay. tell us a little bit about this back and forth you had with the government. they raided your compound back in april. sounds like there were charges there. tell us about your relationship with the government and what's been the source of tension there? >> my relationship has never been good with the government. think this is certainly a beautiful country with many beautiful people. there are a few corrupt officials. unfortunately they are powerful at the highest level. i
. >> good to hear you, john. john, tell us first of all, where are you? you've been in hiding, not telling anyone where you are all week. can you tell us roughly where you are? >> roughly where i am? well, where i am most of the time. i am certainly inside of my compound. >> so you're still in belize. do you know anything about this murder? did you know this guy who was murdered, and did you have anything to do with it? this is what the police really want to know. >> i...
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our john harwood is live in washington with more on that. john, anything more to it than optics? if so, how important is it? >> reporter: i think it's not just optics, carl, i think it's the fact that president obama is trying to leverage the political capital he gained during the election and press people toward his vision of a balanced deal. it's a multi-faceted communications effort. yesterday he meet with labor and liberal leaders. today he's meeting with the ceos, as you mentioned. he's also communicating directly with the public through a news conference here at the white house. and he's simply trying to put the pressure on. one thing we know is that this is going to be difficult. look at this statement put out by robert mcdonald, the ceo of procter & gamble before the meeting saying, yes, we support loophole closures to raise money in the tax code, but only in the -- only in the context of tax reform that lowers rates and moves to a territorial system. well, guess what, lowering rates and going to a territorial system costs money, complicates the job. so, the president wil
our john harwood is live in washington with more on that. john, anything more to it than optics? if so, how important is it? >> reporter: i think it's not just optics, carl, i think it's the fact that president obama is trying to leverage the political capital he gained during the election and press people toward his vision of a balanced deal. it's a multi-faceted communications effort. yesterday he meet with labor and liberal leaders. today he's meeting with the ceos, as you mentioned....
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john has a problem with obama care. many franchiz operators are going to cut hours to part-time to comply with the cost. show up to papa john's on friday with economic freedom on top. coaccording to the watchdog gro, freedom watch, growing companies are citing the healthcare law. >> if i'm forced to do this, what will i tell those people whose jobs i will have to eliminate? the cost of your plan is simply a cost that will cause us to eliminate jobs. >> all right. that principle has not gonna way. to talk more about the economic evils of the employer mandate here now is betsy mccoy. welcome back. so one of the things that we know about the questions of this election is that obamacare is going to survive and then some. tell me about the employer mandate it is the one that herman cane is talking about. it is going to cause workers their job all together. this law says that employers with 50 or more full time workers have to provide insurance. a one size, fits all, plan that costs about twice as much that many employers cur
john has a problem with obama care. many franchiz operators are going to cut hours to part-time to comply with the cost. show up to papa john's on friday with economic freedom on top. coaccording to the watchdog gro, freedom watch, growing companies are citing the healthcare law. >> if i'm forced to do this, what will i tell those people whose jobs i will have to eliminate? the cost of your plan is simply a cost that will cause us to eliminate jobs. >> all right. that principle has...
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Nov 13, 2012
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. >>> still to come, rbc wealth management ceo john taft on why he thinks dividend stocks will protect your portfolio. >>> plus cftc commissioner bart chilton talks to us what needs to be done for the markets to open after a major disaster, something we saw after sandy. "squawk box" will be back right after this. >>> up next, spanning the sea with c-span, the ceo of the world's largest cargo leasing company talks global economic risk and outlook for the industry. that's next on "squawk box." >>> welcome back to "squawk box" this morning. take a look at futures. we have red arrows across the board, dow looks like it would open up 47 points higher, s&p off and nasdaq as well. >>> a continuation of the special shipping series, a ceo calls the container shipping market the ocean highway, jerry wang is co-ceo of seaspan corporation, one of the shipping leaders profiled in "dynasties of the sea" lori ann's new book. good morning, mr. wang. good to see you. >> good morning. good to hear from you. >> we've already had a little bit of conversation about this piece in the journal about the econo
. >>> still to come, rbc wealth management ceo john taft on why he thinks dividend stocks will protect your portfolio. >>> plus cftc commissioner bart chilton talks to us what needs to be done for the markets to open after a major disaster, something we saw after sandy. "squawk box" will be back right after this. >>> up next, spanning the sea with c-span, the ceo of the world's largest cargo leasing company talks global economic risk and outlook for the...
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john staltfuss joins us, welcome to "halftime." john, can you hear me? >> i can hear you. >> all right. i can hear you, as well. >> okay. >> glad me worked that out. you haven't been as sort of caught up in the hysteria as many others have and urging people to buy the market. maybe you got what you wanted today. >> i believe so. i think the realization is clearly on the part of lawmakers if they come out of this with a positive legacy, what they need to do is come to agreement that the word conciliatory i think is key to all of this. all sides could lose if an agreement isn't arrived upon and i think for investors the big thing is to realize this comes in different pieces. it's not going to be all done at once. the main thing is to be moving in the right direction. >> do you really believe that your s&p target for year's end so we have another six weeks to go, 1450. we have 90 more points to get on the s&p to get close to that. can we get there? >> i think we can based on what we're seeing but i don't think every day from here forward will be a click to
john staltfuss joins us, welcome to "halftime." john, can you hear me? >> i can hear you. >> all right. i can hear you, as well. >> okay. >> glad me worked that out. you haven't been as sort of caught up in the hysteria as many others have and urging people to buy the market. maybe you got what you wanted today. >> i believe so. i think the realization is clearly on the part of lawmakers if they come out of this with a positive legacy, what they need to...
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Nov 20, 2012
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so speaker john boehner is going to be a lonely guy. >> i think the republicans ought to hold firm against any tax rates. president obama is striding around like he has a mandate for tax hikes but look at house republicans. for 20 years the house republican message has been against any tax hikes. voters now where house republicans were on taxes and tax hikes and the republicans retain their large majority so they absolutely ought to hold out against any tax hikes. >> that's a stalemate. >> speaker boehner has said close some loopholes. okay. there are good loopholes and bad ones. the house republicans ought to make sure that there is at least 3 or $4 of every spending cut for every dollar of loophole closing. >> there is no spending cuts. >> that's the thing. they have got to hold firm against that. >> they're talking about 400, $500 billion in revenues, maybe more. that's the republicans obsession. i didn't hear any spending cuts at all. >> the loopholes -- cuts in military spending. >> they won't do it. >> president obama has gone along with that. >> but the republicans won't. >> there a
so speaker john boehner is going to be a lonely guy. >> i think the republicans ought to hold firm against any tax rates. president obama is striding around like he has a mandate for tax hikes but look at house republicans. for 20 years the house republican message has been against any tax hikes. voters now where house republicans were on taxes and tax hikes and the republicans retain their large majority so they absolutely ought to hold out against any tax hikes. >> that's a...
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john, please don't date me. i mean, seriously. >> you were a teenager then, maria. >> i was a puppy. i'd like to think i still am. let's talk about these results. first off, break down the numbers. how would you characterize the last quarter? >> i would characterize it as a very solid quarter in a tough market. to have 6% revenue growth in a market where many of our peers are down, negative, year over year, to have earnings growing twice as fast as revenues, record revenues, record non-gap earnings per share. we did what we said we'd do for the market. one of your colleagues and a good friend of mine, john, the gross margins were actually 62.7%. we said revenue growth four to six. we did six. earnings per share, 45 to 47. we did 48. very, very solid quarter versus both what we expected and what the market probably expected. >> but let's talk about those gross margins, john. this is really what the analysts are writing about tonight and certainly will be bringing up in your conference call. we've seen a slide in
john, please don't date me. i mean, seriously. >> you were a teenager then, maria. >> i was a puppy. i'd like to think i still am. let's talk about these results. first off, break down the numbers. how would you characterize the last quarter? >> i would characterize it as a very solid quarter in a tough market. to have 6% revenue growth in a market where many of our peers are down, negative, year over year, to have earnings growing twice as fast as revenues, record revenues,...
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Nov 20, 2012
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here to weigh in first, john sculley, the former ceo of apple. john, it's good to have you back. good morning. >> morning, carl. >> i'd love to get your analysis, your thoughts as to what must be going through meg's mind today and specifically on that notion that management at the time, they knew they were critics, skeptics and according to her, found nothing there. what's your take? >> i would be asking the question of who was chairman of the audit committee at the time the board made the decision to buy autonomy. looking back in on my ten years as ceo of apple and many years at metro p krrkcspcs, the one t know is revenue recognition is the single most important thing to keep your eye on. as i heard the revelations today, i wasn't thinking so much about fraud, but about gee, these are things which any experienced operating executive would be asking questions about and i'm surprised it didn't come up sooner. >> right, and for those of us who have never served on a board, help us understand how granular it gets. how much are you expected to know even on the basic points that delo
here to weigh in first, john sculley, the former ceo of apple. john, it's good to have you back. good morning. >> morning, carl. >> i'd love to get your analysis, your thoughts as to what must be going through meg's mind today and specifically on that notion that management at the time, they knew they were critics, skeptics and according to her, found nothing there. what's your take? >> i would be asking the question of who was chairman of the audit committee at the time the...
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nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be mindful of. we are about to arrest all of this oil field development when the epa completes their long awaited three-year stud, started at 2010. and it is due in january. to essentially remand the states from taking the variable approach they take on fracking and hydraulic to put a c
nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital...
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Nov 16, 2012
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john, u.s. foreign policy in the middle east, maybe elsewhere, but in the middle east right now in the wake of libya and benghazi, we are at low ebb, john, in the eyes i dare say of middle eastern countries and in the eyes of european countries and maybe in the eyes of asian countries. our cia director is gone. there's some kind of sex scandal going on. they all testified today on benghazi. no one knows what came out of that. my point is this, if president obama is asking the president of egypt who has sympathies with all these terrorists and guerrillas, where's the clear statement that the united states government supports the right of israel to defend itself, just flat-out from the president himself? >> the president of the united states, beginning of arab spring, chose the wrong side, larry. he chose the arab strongmen. they now believe the president can be treated as a chump and they can attack israel without risking themselves. that's what's going on right now. i mention this. there is a go
john, u.s. foreign policy in the middle east, maybe elsewhere, but in the middle east right now in the wake of libya and benghazi, we are at low ebb, john, in the eyes i dare say of middle eastern countries and in the eyes of european countries and maybe in the eyes of asian countries. our cia director is gone. there's some kind of sex scandal going on. they all testified today on benghazi. no one knows what came out of that. my point is this, if president obama is asking the president of egypt...
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Nov 12, 2012
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i need to go to john in florida. john? >> caller: boo-yah, jimmy from the beach in miami! >> man, everyone is in a better place than i am. >> caller: i know, jim. listen, mark west energy. i know they did an offering after the bell today. they got hit. what's going on? >> stephanie link, our research director and my best super forensic accountant, we're all bemoaning what a time for this deal to come? it is going to kill the stock. it's going to drive it to 7%. this group maybe didn't get mwe which we did like at $45. that's the level. nothing above it. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> it's a brutal full contact sport. >> time the whistle blows, traders bracing for what could turn out to be a wild session. >> the last play of the game. >> markets absolutely getting hammered today. >> i know it's not easy. but i promise to keep fighting for you. >> jim cramer, leveling the playing field for all. >> the road is a tough one. but the payoff can be your greatest win of all. >> joi
i need to go to john in florida. john? >> caller: boo-yah, jimmy from the beach in miami! >> man, everyone is in a better place than i am. >> caller: i know, jim. listen, mark west energy. i know they did an offering after the bell today. they got hit. what's going on? >> stephanie link, our research director and my best super forensic accountant, we're all bemoaning what a time for this deal to come? it is going to kill the stock. it's going to drive it to 7%. this...
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john chambers did well getting deep with governments and now that's something that is not flourishing. we never thought that the government wouldn't just keep spending. governments around the world. >> when at&t unveiled the big spending plan, it was juniper shares that went higher. cisco is here. the government business saddled below expectations on the street. a lot of people thought juniper was losing to cisco. >> i questioned whether they fell behind. i hate the group. it continues to disappoint because i think we're waiting for 4g, 5g. even the terrific ceo came on scott mcgregor said 5g is coming. we all wait 5g. >> verizon wireless going to spend a special dividend to parents. we'll see more of this in the next seven weeks. >> absolutely. >> we should point out that it is weak today because of write-downs in spain and other countries. that is weighing on the ftse in the u.k. of course as you point out, 45%, perhaps the greatest single investment. 45% ownership of verizon wireless. they have no power to run it but happy to take that dividend that's been a back and forth about th
john chambers did well getting deep with governments and now that's something that is not flourishing. we never thought that the government wouldn't just keep spending. governments around the world. >> when at&t unveiled the big spending plan, it was juniper shares that went higher. cisco is here. the government business saddled below expectations on the street. a lot of people thought juniper was losing to cisco. >> i questioned whether they fell behind. i hate the group. it...
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back to you, brian. >>> we're joined now by john harwood. obviously this is a huge week, a huge day for the white house and the fiscal cliff. we've also got the petraeus scandal. is that going to withdraw attention from the seriousness of the negotiations and discussions that are going on here today? it is making all the headlines. >> it is making all the headlines but i don't think it makes kitchen table headlines. therefore, i don't think it is ultimately going to distract from this work. everybody in politics knows that some stories have high entertainment value, but not the same importance to ordinary people and i think the fiscal cliff, the prospect that you could have the economy tipped in to recession, the fact that income tax rates could go up on everybody in the country i think that is something that would bolt everybody's attention back -- >> look at the cover of the "financial times" for one today, giant picture of petraeus. hardly any mention of the ceo meetings on the front page. >> right. but i think the ceo meetings are part o
back to you, brian. >>> we're joined now by john harwood. obviously this is a huge week, a huge day for the white house and the fiscal cliff. we've also got the petraeus scandal. is that going to withdraw attention from the seriousness of the negotiations and discussions that are going on here today? it is making all the headlines. >> it is making all the headlines but i don't think it makes kitchen table headlines. therefore, i don't think it is ultimately going to distract from...
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and 24% perhaps siding a little bit with john. other unforeseen negative consequences. >> i have to say, i think a very positive consequence here is the less we're dependent on something to make our economy function on somebody else, not isolationism, not protectionism, but just being able to supply our own energy will be really important whenever there is a global crisis. we can turn to ourselves. >> moving on, president obama and congress remain at odds on the tax cuts for the wealthy as part of a fiscal deal but at what point do you label someone rich? those earning $250,000? $500,000? $1 million? how do you define rich? >> robert frank did a great behavioral economics piece on this earlier in the year. it is twice what you'remakering now. if i make $50,000 a year, what would make me feel wealthy? if i made $100,000. if i had a net worth of $1 million, most people say if they had $2 million they'd feel wealthy. >> a lot of this is dependent on geography, where you live. if you're maybe 2g $00,000 a year in brooklyn you're livin
and 24% perhaps siding a little bit with john. other unforeseen negative consequences. >> i have to say, i think a very positive consequence here is the less we're dependent on something to make our economy function on somebody else, not isolationism, not protectionism, but just being able to supply our own energy will be really important whenever there is a global crisis. we can turn to ourselves. >> moving on, president obama and congress remain at odds on the tax cuts for the...
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Nov 14, 2012
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john, we'll talk to you in a bit. thank you. >>> the president is now just minutes away from meeting with business leaders, a meeting that's ruffling feathers on wall street and maybe even some on main street. all right, eamon, who's going to be there? who's not going to be there? >> well, obviously one of the big issues here has been that there's no big bank ceo who is in the room right now. but obviously all of those ceos would have had access inside the white house here to the president's press conference. they were going to be listening for that specific olive branch. some big names in the room there. we saw jeff immelt of ge walking in. also the ceo of american express. ursula burns of xerox. a variety of others were walking down the driveway here on the white house north lawn on their way in a little bit early. they were in there in time to get settled and listen for that olive branch. in my listen of that press conference, i did not hear a specific olive branch, a specific offer by the president. what i heard w
john, we'll talk to you in a bit. thank you. >>> the president is now just minutes away from meeting with business leaders, a meeting that's ruffling feathers on wall street and maybe even some on main street. all right, eamon, who's going to be there? who's not going to be there? >> well, obviously one of the big issues here has been that there's no big bank ceo who is in the room right now. but obviously all of those ceos would have had access inside the white house here to the...
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Nov 13, 2012
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john cahamberchambers, we had t conversation about john chambers that we did about microsoft and people were saying he shouldn't be managing. he's executed. he turned the company around. he's working in this environment and shows up in the revenue and the forecast. >> the other thing that's important is people are so obsessed with the gross margins. he was almost, i thought, saying, listen to what we're doing. this is a different revenue mix. and these data centers are not going to be high margins but they're growing. the thing he also, again, ta talking about the global economy, he wasmaria. i'm surprised we haven't spent more time on this show because this is a guy we used to spend hours analyzing every he said. i think this -- >> this isless of a bellwether, isn't it? >> they've certainly moved into that kind of low multiple value trap tech stock, but the end of the day they are still in everybody's business and people want to know whether the federal governments are doing, what europe's doing, what air shesia doing. >>> are we about to see a flood of special dividends? dividend tax
john cahamberchambers, we had t conversation about john chambers that we did about microsoft and people were saying he shouldn't be managing. he's executed. he turned the company around. he's working in this environment and shows up in the revenue and the forecast. >> the other thing that's important is people are so obsessed with the gross margins. he was almost, i thought, saying, listen to what we're doing. this is a different revenue mix. and these data centers are not going to be...
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Nov 15, 2012
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no longer charmed like it's wen. >>> john in new jersey. john. >> caller: professor cramer. >> thank you for the tenure. yes. >> caller: wind stream, win. >> no, they did not execute. came on the show, told you this he would execute, didn't execute. ctl, century link is better. i do prefer verizon and at&t. >>> let's go to artie in new jersey. >> caller: hey, jim. how you doing? booyah. >> i'm trying. everybody so beleaguered at this point. >> caller: doing okay over here too. like to take amp. >> i think kinder morgan works. big rumor that the massillion done partnerships will lose tax favored treatment they have. i don't agree. i think kinder morgan should be bought, and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. ste. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees
no longer charmed like it's wen. >>> john in new jersey. john. >> caller: professor cramer. >> thank you for the tenure. yes. >> caller: wind stream, win. >> no, they did not execute. came on the show, told you this he would execute, didn't execute. ctl, century link is better. i do prefer verizon and at&t. >>> let's go to artie in new jersey. >> caller: hey, jim. how you doing? booyah. >> i'm trying. everybody so beleaguered at this...
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Nov 20, 2012
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john mccormick is staff writer "the weekly standard. he says giving in on raising tax rates now would give republicans leverage later on tax reform. so we've got a nuanced argument going here. john, what do you mean? what kind of leverage would they need by allowing for the tax breaks now? >> the problem is they don't have any leverage right now as we speak. i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right now when they have their backs against the fiscal cliff. >> but that's not what they're doing. we doncontinue to see everybody digging in. why should republicans allow the tax increases for high
john mccormick is staff writer "the weekly standard. he says giving in on raising tax rates now would give republicans leverage later on tax reform. so we've got a nuanced argument going here. john, what do you mean? what kind of leverage would they need by allowing for the tax breaks now? >> the problem is they don't have any leverage right now as we speak. i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are...
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Nov 13, 2012
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commander in afghanistan, jeep john allen. eamon javers live in washington with details. >> reporter: well this scandal exploded on friday with the resignation of cia director petraeus. that one caught washington by surprise and then within the past 24 hours, the scape dal has got a whole lot big per, as you say, with now the involvement of the top general in afghanistan. let me walk you through who the players r it can be tricky to keep this cast of characters straight in your own mind. the woman at the center of this scandal seems to be jill kelly. she is a tampa socialite who volunteered at the air force base there and had some kind of relationship with jeep john allen involving e-mails. the fbi is apparently received 30,000 pages of e-mails between the two that were potentially inappropriate there. but kelly's relationship, whatever it was, with john allen, apparently also caused some concern with paula broadwell. broadwell is the biographer of general david petraeus, who has admitted now to having an affair with the cia d
commander in afghanistan, jeep john allen. eamon javers live in washington with details. >> reporter: well this scandal exploded on friday with the resignation of cia director petraeus. that one caught washington by surprise and then within the past 24 hours, the scape dal has got a whole lot big per, as you say, with now the involvement of the top general in afghanistan. let me walk you through who the players r it can be tricky to keep this cast of characters straight in your own mind....
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Nov 13, 2012
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we're going to check in with ceo john chambers. we'll break down the company's latest earnings. >> first, another shake-up at microsoft. that stock is really feeling the pain lately. the man behind windows 8 considered to be the successor to the ceo, he's now out. what that says about the company coming up. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relatio
we're going to check in with ceo john chambers. we'll break down the company's latest earnings. >> first, another shake-up at microsoft. that stock is really feeling the pain lately. the man behind windows 8 considered to be the successor to the ceo, he's now out. what that says about the company coming up. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national...
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Nov 16, 2012
11/12
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john in new jersey. john. >> caller: professor cramer. >> thank you for the tenure. yes. >> caller: wind stream, win. >> no, they did not execute. came on the show, told you they would execute, didn't execute. ctl, century link is better. i do prefer verizon and at&t. let's go to artie in new jersey. >> caller: hey, jim. how you doing? booyah. >> i'm trying. everyone is so beleaguered at this point. >> caller: we're doing okay over here too. i'd like your take on kmp. >> i think kinder morgan works. big rumor that the master limited partnerships will lose tax favored treatment they have. i don't agree. i think kinder morgan should be bought, and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get
john in new jersey. john. >> caller: professor cramer. >> thank you for the tenure. yes. >> caller: wind stream, win. >> no, they did not execute. came on the show, told you they would execute, didn't execute. ctl, century link is better. i do prefer verizon and at&t. let's go to artie in new jersey. >> caller: hey, jim. how you doing? booyah. >> i'm trying. everyone is so beleaguered at this point. >> caller: we're doing okay over here too. i'd...
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Nov 19, 2012
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john? >> it's an interesting situation especially because paul wasn't facing mandatory retirement for another couple of years at least. taking a look at the late of executives who might replace him, a couple of the more obvious ones were promoted to executive vice president positions. brian runs the process technology business that's getting the chips manufacturing if you want to continue along the track intel has been, he would be a key choice if you believe x-86 will break through in mobile and there's stacy smith also the chief financial officer. if you think they're going to go through acquisitions, he would be a key choice. and then you have a couple others. renee james was promoted head software. if you think that software is a key piece of your future and entrepreneurial bench going in a different direction, she would be a pick. a name not in the press release is the one who runs product. a hardware engineer at heart. a chip engineer at heart. he would be a choice if you think they n
john? >> it's an interesting situation especially because paul wasn't facing mandatory retirement for another couple of years at least. taking a look at the late of executives who might replace him, a couple of the more obvious ones were promoted to executive vice president positions. brian runs the process technology business that's getting the chips manufacturing if you want to continue along the track intel has been, he would be a key choice if you believe x-86 will break through in...
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Nov 15, 2012
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that's how we talked about sandy until we heard about john turner. he runs natural catastrophe solutions. he was on the shore when he bought a scratch-off lottery ticket and won $100,000. turner's giving some to his church, saving some more and investing the rest in his business. you know what? it's nice to have a positive story like this every once in a while. >>> all right. many thanks again to our budget expert, doug holtz-eakin. hamas declares war on israel. israel ground force is now on high alert and ready to act, if necessary. all this while america's top intelligence agencies appear to be in disarray. we're going to try to get a handle on this nasty middle eastern story up next on "kudlow." >>> so is israel going to wipe out hamas, and what is iran going to do? this after an air strike kills a high-ranking hamas leader today. the mideast tinderbox seems like it's about to explode once again. let's talk, here now is our great friend, barclays senior geopolitical strategist, helema croft, former cia economic analyst. israel is going whole hog n
that's how we talked about sandy until we heard about john turner. he runs natural catastrophe solutions. he was on the shore when he bought a scratch-off lottery ticket and won $100,000. turner's giving some to his church, saving some more and investing the rest in his business. you know what? it's nice to have a positive story like this every once in a while. >>> all right. many thanks again to our budget expert, doug holtz-eakin. hamas declares war on israel. israel ground force is...
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Nov 17, 2012
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last thursday, november 9th, right off the election, john in texas asked about greenway medical, gway. they just won a big new contract with walgreens. health care technology solution that will supply electronic medical records to 8,300 walgreens. besides being certified, 37 times next year's earnings? too expensive for this guy. i wouldn't touch it. wait for an earnings hiccup, something we've seen from these health care i.t. providers. that will give you the pullback you need before you can build a position. we have lost too much money in this market buying stocks that sell for more than 30 times earnings. now september 14th, i highlighted a speculative opportunity in a company called dynamax. at the time it looked like they had a better hepatitis vaccine and the risk profile wouldn't dissuade the fda from approving it in an upcoming panel in february. unfortunately for shareholders, the fda panel met yesterday and asked the company to present more safety data. in response on that, the stock got crushed and fell $2.19, 47%. dynavax represents the downside of speculation. this is a l
last thursday, november 9th, right off the election, john in texas asked about greenway medical, gway. they just won a big new contract with walgreens. health care technology solution that will supply electronic medical records to 8,300 walgreens. besides being certified, 37 times next year's earnings? too expensive for this guy. i wouldn't touch it. wait for an earnings hiccup, something we've seen from these health care i.t. providers. that will give you the pullback you need before you can...
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Nov 12, 2012
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few entrepreneurs have had as colorful life as john mcafee. off faunding the software in his '80s his net worth soared to more than $100 million. he owned a jet, invested millions in financial markets. as he told cnbc's david faber -- >> i had really more money than a person could reasonably be expected to spend, assuming you fight hard and worked at it eight hours a day. >> now, get this, when the crisis hit mcafee's investments crashed. his $100 million became $4 million. he moved to belize to start new companies in transportation and pharmaceuticals. he told me in 2010 that belize was, quote, a dream country from entrepreneurs since there are really no regulations. police searched his compound and found multiple firearms and unlicensed pharmaceuticals. mcafee said the search was political. that may be the case with this latest situation. we'll see where this story takes us next. >> why is he being questioned in the murder of this person in belize? >> we don't know. what we do know is this person who was murdered may have been his neighbor.
few entrepreneurs have had as colorful life as john mcafee. off faunding the software in his '80s his net worth soared to more than $100 million. he owned a jet, invested millions in financial markets. as he told cnbc's david faber -- >> i had really more money than a person could reasonably be expected to spend, assuming you fight hard and worked at it eight hours a day. >> now, get this, when the crisis hit mcafee's investments crashed. his $100 million became $4 million. he moved...
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Nov 20, 2012
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. >> jim chain knows was certainly right on the money there john what else do you think he is bright and see other choos dropped? >> talked about what he calls value traps, these are overly dependent on one product, hindsight drives the expectation of future performance. they have people you have heard of, rock star management and appear cheap if you use management's metric and of course, they have accounting issues. what jim did, in a couple of different presentations, he has given us a list of some of the companies that he thinks fall into the value trap category. these include consol energy, which he thinks has been hurt by the shale gas explosion that has, not literal explosion, but the amount hurt the producer, coin star, obsolete because people aren't buying dvds. petrobras, a china play and then also, on his list, australia's fortescu metals group. a keep named yesterday, another big iron ore producer, shorted that, and san tender, short on the troubles of the national balance sheet of spain. knew about the problems with the fee and autonomy a long time ago and thank jim chano
. >> jim chain knows was certainly right on the money there john what else do you think he is bright and see other choos dropped? >> talked about what he calls value traps, these are overly dependent on one product, hindsight drives the expectation of future performance. they have people you have heard of, rock star management and appear cheap if you use management's metric and of course, they have accounting issues. what jim did, in a couple of different presentations, he has given...
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Nov 16, 2012
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joining us is john mcroberts in studio. hi, john. >> hi. >> this relationship between germany and russia by some measures is at its worst in decades. has there been a real break down between russia and the west as pew ten has come back into office? >> i don't believe there's been a break down. i think the perception of russia has been difficult from western investors. when you see human rights case come up, people get a bit more nervous. but general employeeliemployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayl emplo russia is still a good place to invest. >> a lot of cross border deals. is the environment todayemploye russia is still a good place to invest. >> a lot of cross border deals. is the environment todaymployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayployee a is still a good place to invest. >> a lot of cross border deals. is the environment todayloyee i is still a good place to invest. >> a lot of cross b
joining us is john mcroberts in studio. hi, john. >> hi. >> this relationship between germany and russia by some measures is at its worst in decades. has there been a real break down between russia and the west as pew ten has come back into office? >> i don't believe there's been a break down. i think the perception of russia has been difficult from western investors. when you see human rights case come up, people get a bit more nervous. but general employeeliemployee russia...
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Nov 16, 2012
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. >> john, i would like to kick this off with you. what is, first of all, the latest in washington? >> mandy, bill used the word hope a moment ago. everybody since the election has been hoping that washington, both parties, white house and congress, can find some way to work together. that was the tone the president struck when he gathered the bipartisan leadership of congress at the white house this morning. >> my hope is that this is going to be the beginning of a fruitful process where we're able to come to an agreement that will reduce our deficit in a balanced way, that we will deal with some of these long-term impediments to growth, and we're also going to be focusing on making sure that middle class families are able to get ahead. >> and nobody, including the president, could fail to have been encouraged by the tone that was struck by all four members of the bipartisan leadership when they came out from that meeting this morning, including the most important negotiating partner of all a, house speaker john boehner. >> the framework i've outlined in our meeting today is consis
. >> john, i would like to kick this off with you. what is, first of all, the latest in washington? >> mandy, bill used the word hope a moment ago. everybody since the election has been hoping that washington, both parties, white house and congress, can find some way to work together. that was the tone the president struck when he gathered the bipartisan leadership of congress at the white house this morning. >> my hope is that this is going to be the beginning of a fruitful...
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Nov 12, 2012
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john saphir and ten other executives of the failed heritage community bank. the f.d.i.c. alleged that the executives were negligent in their management of the bank's commercial real estate program, which ultimately contributed to its collapse. in a statement, lawyers for the defendants said the lawsuit lacked merit. [stopwatch ticking] coming up... does it make sense to keep making the one cent coin? >> it's unsustainable. you can't sustain losses on pennies and nickels and expect to be a viable organization that benefits the american people. >> next, when 60 minutes on cnbc returns. ♪ [ male announcer ] a european-inspired suspension, but not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... inspired by a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy
john saphir and ten other executives of the failed heritage community bank. the f.d.i.c. alleged that the executives were negligent in their management of the bank's commercial real estate program, which ultimately contributed to its collapse. in a statement, lawyers for the defendants said the lawsuit lacked merit. [stopwatch ticking] coming up... does it make sense to keep making the one cent coin? >> it's unsustainable. you can't sustain losses on pennies and nickels and expect to be a...
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Nov 13, 2012
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steve johns have hated the ipad mini? >> steve jobs just said there wasn't enough screen real estate, the real experience was the 10-inch level. most people i know who have tried both like the ten inch. once it passed the size of a smartphone which you can throw in your pocket, you really want something large enough to do some work with. i think that the ipad minute was a defensive response on apple's part to an incursion potential by amazon, google and sam sung to the 7-inch space. said we better cover that. >> good debate and good discussion. both have you back on. go back to your respective corner he is. stay tuned. >>> breaking news on mbia. earlier, talk about the story, referenced mark palmer, btig park the best team on the business on street since and welcome in mark palmer on the phone. mark, thanks for joining us on short notice. what is going on with mbia? >> well it goes back to last week, brian, when mbia launched a con sense solicitation. essentially what they are trying to do is remove mbia insurance, which
steve johns have hated the ipad mini? >> steve jobs just said there wasn't enough screen real estate, the real experience was the 10-inch level. most people i know who have tried both like the ten inch. once it passed the size of a smartphone which you can throw in your pocket, you really want something large enough to do some work with. i think that the ipad minute was a defensive response on apple's part to an incursion potential by amazon, google and sam sung to the 7-inch space. said...
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Nov 12, 2012
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john: a marriage. three states said yes. >> the fourth state minnesota's said no to the anti-gay marriage amendment. john: many states legalize but it is done by the court and 34 states and 32 states they voted yes. >> it will be interesting. karl rove madethat election about opposing a marriage. the republican party has reaped what is those there is a gap affiliation with the democrat and republican which is 20 percentage points almost entirely on social issues. john: two states voted against political speech. >> colorado and montana? >> they said looking at citizens united this is too much dark money. >> so from eight perspective you can say there is too much money but to keep people from speaking about it, with about initiatives is they will not ork because the technological cut around is even stronger and it is difficult to keep people from speaking their mind and larger volume. john: montana's said corporations are not entitled to constitutional rights because they're not he been beings. but they
john: a marriage. three states said yes. >> the fourth state minnesota's said no to the anti-gay marriage amendment. john: many states legalize but it is done by the court and 34 states and 32 states they voted yes. >> it will be interesting. karl rove madethat election about opposing a marriage. the republican party has reaped what is those there is a gap affiliation with the democrat and republican which is 20 percentage points almost entirely on social issues. john: two states...
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Nov 14, 2012
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. >> i am john najarian. i am fast money. >> i am stephanie link. i am fast money. >> i am steve grasso. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel >>> welcome back. slow and stable growth. dividend raises, share repurchases. sounds more like a blue chip company than apple, but could that be where the stock is headed? a top analyst today says apple's phase of high growth is over. that's tony, the influential analyst who covers this company. he says, in fact, apple's becoming the new coca-cola. do you agree? >> i don't agree. i don't think their hypergrowth phase is over. i came back
. >> i am john najarian. i am fast money. >> i am stephanie link. i am fast money. >> i am steve grasso. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash...
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Nov 16, 2012
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that's the concern. >> senator lee, it's john harwood. yesterday i led a discussion sponsored by the bipartisan policy center on the fiscal cliff. one of the people i was talking with was the senator you defeated for re-election last year or two arizona ago in utah. he said two things about the fiscal cliff. one, that there will be a deal in the end that involves some tax increases and, two, one of the reasons for that is that the tea party, the influence of the tea party peaked and is declining. do you think both of those things are right? >> look, it's difficult to predict what's going to happen. i'm not going to claim to have the ability to predict what is going to happen. a lot of people disagree about what is or what isn't a tax increase. as far as the insinuation that the grassroots conservative movement gaining momentum in 2009 has somehow peaked and is in decline is simply not true. >> even after losing an election where all of the swing states except one went for the president? >> all three new republicans in the senate easily id
that's the concern. >> senator lee, it's john harwood. yesterday i led a discussion sponsored by the bipartisan policy center on the fiscal cliff. one of the people i was talking with was the senator you defeated for re-election last year or two arizona ago in utah. he said two things about the fiscal cliff. one, that there will be a deal in the end that involves some tax increases and, two, one of the reasons for that is that the tea party, the influence of the tea party peaked and is...
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Nov 15, 2012
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i think john boehner has made some really good statements. i think the president has made some good statements. one of the things that i learned was that you have to keep a couple of things in mind. deficit reduction in the end is political poison for the people that have to vote for it and so we really need to encourage the public, not just the decision makers, but the public to understand that this is an exercise in short-term pain to get long-term gain. that the objective here is to get a growing economy, jobs created in the united states, get our economy moving robustly again and that we've got to get our budget straightened out to help do that. the other thing you have to remember is you've got 535 people in the congress. this is not just the leaders so the administration has got to engage a large number of those people, if not all of them, in an exercise where they analyze together the actual concrete steps you have to take to get the budget straightened out. >> problem is many of those members, or at least some of them, have spoken pub
i think john boehner has made some really good statements. i think the president has made some good statements. one of the things that i learned was that you have to keep a couple of things in mind. deficit reduction in the end is political poison for the people that have to vote for it and so we really need to encourage the public, not just the decision makers, but the public to understand that this is an exercise in short-term pain to get long-term gain. that the objective here is to get a...
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Nov 12, 2012
11/12
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sergeant johns epitomizes. a year ago sergeant johns lost both legs in afghanistan. he's going to college. he has a plan. he's absolutely epitomized everything the marine corps stands for. thank you for your service. i would like a round of applause for this marine right now. [ applause ] >> very nice. actual birthday of the marine corps, the 10th. this goes back to continental congress. >> 1775. your heritage is old. you go back to early 1600s. there's a synergy between what we do supporting and defending the constitution and economic activity. i own a 1984 chevy pickup. chevy says it's the heartbeat of america. you are the heartbeat of america here. the economic heartbeat. >> major general, thank you for your service as well. >> sergeant johns, great american. >> enjoy the day. >> thanks. >> melissa, over to you. >> thanks, carl. up next, look out saudi arabia, a new report says the united states will become the world's top oil producer. could the prediction come true? we have a top oil analyst to weigh in. apple is taking competitors to task over its patents but t
sergeant johns epitomizes. a year ago sergeant johns lost both legs in afghanistan. he's going to college. he has a plan. he's absolutely epitomized everything the marine corps stands for. thank you for your service. i would like a round of applause for this marine right now. [ applause ] >> very nice. actual birthday of the marine corps, the 10th. this goes back to continental congress. >> 1775. your heritage is old. you go back to early 1600s. there's a synergy between what we do...
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Nov 13, 2012
11/12
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stopping persian's bill ackman who sits on the company's board from defending jcpenney and its ceo, john johnson, yet again. ackman was on squawk this morning. let's listen. >> what this is is this is the fastest-growing retail start-up of all time, high dollars per square foot, high gross margins. stick with me, low overhead. he's winding down the old jcpenney and using the cash flow from the old jcpenney to fund the growth of this business. >> well, let's welcome in charles graum. he's senior retail analyst at deutsche bank. looks like charles is joining us on the phone. welcome to "halftime." >> thanks for joining me. >> the stock has obviously suffered. wall street seems to have absolutely zero confidence in ron johnson's ability to turn this story around. do you have any confidence? >> not really. not at this point. i mean, i think, you know, the burden of proof is on ron and the team to stabilize sales. i think, you know, it's pretty well known that the fourth quarter is going to be a tough period for him. obviously, it's been pretty reflected in the stock over the past few days. i
stopping persian's bill ackman who sits on the company's board from defending jcpenney and its ceo, john johnson, yet again. ackman was on squawk this morning. let's listen. >> what this is is this is the fastest-growing retail start-up of all time, high dollars per square foot, high gross margins. stick with me, low overhead. he's winding down the old jcpenney and using the cash flow from the old jcpenney to fund the growth of this business. >> well, let's welcome in charles graum....
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Nov 19, 2012
11/12
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michelle and john carney my victims today. investment falling off a cliff. u.s. companies cutting investments. f fastest pace since the recession and executives blaming it on the fiscal cliff. michelle, how big a problem is this and does it possibly preface a recession next year? >> it is a huge problem. investment is what drives future growth. if you cut investment, not surprised, steve leisman's been talking about it for a long time because of the fiscal cliff, obviously it leads to lower growth than would you have otherwise than if you had invested. i think it is a very bad sign. >> it is a very bad sign. it means that businesses think that we are going to have slower growth. this is almost a self-fulfilling prophecy. they spend less which means people have less income which means that they have less to spend. it is a recipe for a slowdown. part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! f
michelle and john carney my victims today. investment falling off a cliff. u.s. companies cutting investments. f fastest pace since the recession and executives blaming it on the fiscal cliff. michelle, how big a problem is this and does it possibly preface a recession next year? >> it is a huge problem. investment is what drives future growth. if you cut investment, not surprised, steve leisman's been talking about it for a long time because of the fiscal cliff, obviously it leads to...
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Nov 16, 2012
11/12
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earlier today, john boehner, the speaker of the house, spoke. the markets spiked. as you hear this sound bite, we're going to show you the dow intraday, what it did, and where you see the spike. it's a spike of more than 100 points. that's when speaker boehner spoke. listen to this. >> i believe that we can do this and avert the fiscal cliff that's right in front of us today. >> is this really what led to today's midday turn around, or was it something else? let's talk about that. quincy crosby joins us. mark spellman and kevin carone. quincy, is it that simple? they came out, they used the word constructive, framework, corner stone, all those positive words, and the market took off. >> absolutely. i was watching the body language when they finished up. they walked together. they didn't separate. the market kept making gains. it was that immediate. >> mark, do you agree? >> yeah, i think it was important. we've been looking for good news. the fact that everyone's heels aren't dug in quite as badly, it's good news and what otherwise has been a bad news market. >> ke
earlier today, john boehner, the speaker of the house, spoke. the markets spiked. as you hear this sound bite, we're going to show you the dow intraday, what it did, and where you see the spike. it's a spike of more than 100 points. that's when speaker boehner spoke. listen to this. >> i believe that we can do this and avert the fiscal cliff that's right in front of us today. >> is this really what led to today's midday turn around, or was it something else? let's talk about that....
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Nov 19, 2012
11/12
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our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betber the market? >> no, not really. today is really positive action. we should have bounced here. and we did. especially when you look at apple. it was at a key level of support. today we acted the way it should. i don't know the that this correction has much further to go. i don't think one day's action calls it the end. i would pay specific attention today if you are trading or investing to a follow-through in small caps and emerging markets. that will give you a sign there's more oomph left. if those two areas stayed, i would say take the 1% plus gains and walk today. >> joe, talked about how dangerous it is to be short this market. >> yes. >> after we what we got friday, that more conciliatory tone in washington. >> options expiration has a lot do with what we are see something the marketplace today. i think there's -- certainly short sellers that have been covering on friday. covering again today. now -- technicians will tell you be carefu
our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betber the market? >> no, not really. today is really positive action. we should have bounced here. and we did. especially when you look at apple. it was at a key level of support. today we acted the way it should. i don't know the that this correction has much further to go. i don't think one day's action calls it the end. i would pay specific attention today if you are trading or...
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Nov 15, 2012
11/12
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john in washington. >> caller: boo-yah from the great columbia gorge in the state of washington! >> many callers from washington and i'm always happy to hear that. what's going on? >> caller: well, i think you're very interesting and entertaining and i like it! but i'm more interested in magnum hunter. mhr. >> this is a real speculative stock, and you need to see oil at $100 a barrel, not $80 and change. and that's why the stock is -- >> don't buy. >> unless you want to speculate. let's go to bob in virginia. bob! >> caller: jim, how are you? >> all right. how about you, bob? >> caller: pretty good. my stock is mine safety appliances. symbol msa. >> you know, bob, to tell you the truth, i haven't looked at mine safety appliances in ages because there's been such a decline in mining. i've got to come back with a fresh look at that. i cannot opine on something i have not looked at lately. let's go to rahul in wyoming. rahul. >> caller: how are you doing, jim? all right. how about you? >> caller: i was looking at invensense. >> two in a row. i don't know how it's doing right now. we
john in washington. >> caller: boo-yah from the great columbia gorge in the state of washington! >> many callers from washington and i'm always happy to hear that. what's going on? >> caller: well, i think you're very interesting and entertaining and i like it! but i'm more interested in magnum hunter. mhr. >> this is a real speculative stock, and you need to see oil at $100 a barrel, not $80 and change. and that's why the stock is -- >> don't buy. >> unless...
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Nov 15, 2012
11/12
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john lawrence covers the sector for stevens. john, first of all, what can we expect from these two companies with the earnings coming out and what are you seeing with how americans are feeling as we head into the crucial retail season? >> certainly in the case of walmart i think we'll see that they're very bullish on what they've been able to do in the marketplace. some of the things that they've got planned for black friday, pretty aggressive. certainly the last several quarters, they're riding on a lot of good sales momentum because of these initiatives over the last couple year. i think we'll continue to see that. some of these ideas they put in place like the one hour guarantee for black friday and some of the announcements with -- at the end of the day, walmart when they're priced right, give that value to the customer and they're in stock, they do very well. and we continue to see that continuing. >> in terms of being priced right, is that a reflection of the sentiment of the nation right now just how consumers are feeling
john lawrence covers the sector for stevens. john, first of all, what can we expect from these two companies with the earnings coming out and what are you seeing with how americans are feeling as we head into the crucial retail season? >> certainly in the case of walmart i think we'll see that they're very bullish on what they've been able to do in the marketplace. some of the things that they've got planned for black friday, pretty aggressive. certainly the last several quarters, they're...